|Over a week ago|
Cowen to hold a conference » 08:1202/1202/12/20
VEC, AVAV, LDOS, CRS, AIN, ARNC, BAH, USAP, SAIC, PSN
41st Annual Aerospace/Defense & Industrials Conference will be held in New York on February 12-13 with webcasted company presentations to begin on February 12 at 8:30 am; not all company presentations may be webcasted. Webcast Link
Universal Stainless & Alloy price target lowered to $17 from $21 at Cowen » 07:5101/2901/29/20
Cowen analyst Tyler…
Cowen analyst Tyler Kenyon lowered his price target on Universal Stainless & Alloy to $17 from $21 and reduced his 2020 forecast due to lack of visibility on the 737 Max. The analyst said the tenets of his thesis which includes prospects for increased margins and free cash flow, a deleveraging via the ramp in premium products, and efficiency investments, remain intact. Kenyon maintained his Outperform rating on Universal Stainless & Alloy shares.
Universal Stainless announces shape bar price increase » 07:2301/2901/29/20
Universal Stainless &…
Universal Stainless & Alloy Products announced a base price increase of 5% to 25% on all flat, square and hex bar products manufactured at its Dunkirk facility. The increase will be effective immediately for all new orders. Current material and energy surcharges will remain in effect.
Universal Stainless & Alloy expects 'improved material cost alignment in 2020' » 06:4901/2201/22/20
Management said, "We…
Management said, "We expect improved material cost alignment in 2020 compared to 2019, as the steady raw material price declines that negatively impacted 2019 margins have made their way into our material costs, and as a result, our melt costs are more closely aligned to surcharges. Lastly, we are continuing to assess the Boeing 737 Max production outlook and the potential impact on order entry activity."
Universal Stainless & Alloy reports Q4 EPS 2c, consensus 13c » 06:4801/2201/22/20
Reports Q4 revenue…
Reports Q4 revenue $55.2M, consensus $59.51M.
|Over a month ago|
Universal Stainless downgraded to Sector Weight from Overweight at KeyBanc » 05:4901/1601/16/20
KeyBanc analyst Phil…
KeyBanc analyst Phil Gibbs downgraded Universal Stainless & Alloy to Sector Weight from Overweight without a price target. The onset of aerospace distributor destocking activity "incrementally and strongly" will weigh on the company's Q4 and 2019 EBITDA, Gibbs tells investors in a research note. Further, the macro environment and recent inventory management may limit the unfolding of company-specific gross margin drivers, adds the analyst.
|Over a quarter ago|
Universal Stainless & Alloy reports Q3 EPS 9c, consensus 21c » 06:5110/2310/23/19
Reports Q3 revenue $56.6M…
Reports Q3 revenue $56.6M vs. $69.06M a year ago.
Jefferies to hold a conference » 07:5008/0608/06/19
MTRN, TWI, CMI, TEX, KWR, XON, CLF, SCHN, STLD, LAWS, AMRS, ITW, CBPX, OSK, MRC, WGO, USAP, HXL, LAC, WWD
Global Industrials Conference will be held in New York on August 6-8 with webcasted company presentations to begin on August 6 at 8 am; not all company presentations may be webcasted. Webcast Link
Universal Stainless & Alloy reports Q2 EPS 27c ex-items, consensus 30c » 06:4707/2407/24/19
Reports Q2 revenue…
Reports Q2 revenue $71.0M, consensus $69.08M.
Universal Stainless & Alloy announces low alloy VAR bar base price increase » 07:0807/0207/02/19
Universal Stainless &…
Universal Stainless & Alloy Products announced a base price increase of 5% to 10% on all low alloy VAR quality bar products manufactured at its Bridgeville, Dunkirk and North Jackson facilities. The increase will be effective immediately for all new orders. Current material and energy surcharges will remain in effect.